Visa and MasterCard Tracking Your Online Purchases

People that are concerned about their online privacy are not going to like this one bit. The two largest credit card networks, Visa and MasterCard, are now embarking on a new technology whereby they can target card holders for advertisements based on past purchases. So every time a credit card transaction takes place for an [...]

MasterCard Shows Better Than Expected Earnings

There was some good news for a change in the credit markets to report. MasterCard surprised Wall Street by exceeding analysts earnings estimates. It would seem that the economy is in fact improving, although it looks like a jobless recovery. MasterCard’s third-quarter profit shows that the world’s second-largest payments network is benefiting from more and [...]

Visa Speaks Out About Credit Card Reform

The chairman of Visa Inc. Joseph Saunders spoke a couple of days ago about what the credit card reform act legislation will mean not only to his company but to the credit card industry as a whole. Nothing groundbreaking here, but there were a few interesting statements that Saunders made. Saunders believes that the credit [...]

Credit Card Issuers Assist Their Cardholders

Credit card giants Citibank, Capital One, Discover Card, Visa and MaterCard have launched a new campaign that is designed to help their cardholders avoid defaulting on their credit card debt by offering to negotiate with them. As the recession in the United States, and indeed the world, worsens, many people are finding themselves out of [...]

Beware Of Phony Credit Card Scam

The bad guys have found yet another way to steal using credit cards as their tool of choice, but in this case they are not credit cards but gift cards. Scammers and thieves are using Visa gift cards and passing them off as Visa credit cards. It is a rather simplistic, but dare I say [...]

If You Are Traveling To Europe Take Your American Express Card

Here is a quick tip for overseas travelers. If you are planning to travel to Europe you should most definitely take along your American Express credit card. While American Express isn’t as widely accepted across the pond as its cousins Visa and MasterCard, they do have a decided advantage, a physical presence in Europe. Case [...]

Capital One Financial Corp Reports A Record 4th Quarter Loss

Capital One Financial Corp. is the parent company of credit card behemoth Capital One. It also has recently gotten into the branch banking business by buying Louisiana based Hibernia and New York based North Fork Bancorp. They have also reached an agreement to buy Chevy Chase Bank which serves the Washington D.C. area. Capital One, [...]